Retail Cloud Market | Top Companies | Regional Scope, Segment Growth, Revenue Statistics | Industry Share Forecast

According to the report by Fortune Business Insights in their report, titled “Retail Cloud Market Size, Share & Industry Analysis, By Model Type (Infrastructure as a Service, Platform as a Service and Software as a Service), By Deployment (Public, Private and Hybrid Cloud), By Solution (Supply Chain Management, Workforce Management, Customer Management, Reporting & Analytics, Data Security, Omni-Channel and Others), By Enterprise Size (Small & Medium and Large Enterprise) and Regional Forecast, 2019-2026,” predicts such initiatives to bode well for the market growth.

retail cloud market size stood at USD 11.89 Billion in 2018 and is expected to reach USD 39.63 Billion by 2026, exhibiting a CAGR of 16.3% during 2019-2026

Cloud computing features are supporting retail industry activities and this includes workforce management, supply chain management, data security, Omni channel, customer management and among others. Cloud technology helps retailers to gather data from multiple sources to provide a unified view of consumers across transactions and channels. This data it helps for personal and direct promotions of products around the world. Also, cloud based solutions provide less time and cost, ability to access customer data from anywhere and anytime. And also provides analysis to understand customer purchasing patterns, brand preferences and allow to target customers with special offers, credit points, and others.

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The Report Covers the Following, Major Points Precisely:

Top Players That Are Operating in the Global Market
Market Segmentation
Regional Analysis
Deep Insights into the Market with Detailed Table of Content and Figures
Global Market Predictions for Five Decades.
Based on the solution, the market is dominated by reporting and analytics and data security segments because of the support these segments provide to the retail cloud computing by formulating smart advertising and marketing strategies. To cite an instance, retail giants such as eBay and Amazon are using smart advertising in order to increase their product preferences as per different customers by studying the shopping behavior of each customer.

Some of the companies operating in the retail cloud market include:

Oracle Corporation
Infor
Alibaba Group
Fujitsu
Baidu
JDA Software Group
SAP SE
Cisco Systems Inc.
AWS
Microsoft Corporation
Google
The advent of artificial intelligence (AI) is a major factor boosting the retail cloud market. AI provides retailers the capability to an efficient in-store operation experience for managing their supply chain management and new inventory management systems. Apart from this, AI also provides precise marketing strategies, combined with personalized support and experience that helps the retail enterprises in attracting more consumers to their product. The two most important benefits from the adoption of AI into retail cloud support are improved customer support and experience. The aforementioned factors are thus expected to increase the retail cloud-scale unit in the forthcoming years.

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North America to Continue Dominating Market with Rapid Adoption of Cloud-based Solutions in Retail Sector

Geographically, the retail cloud market review indicates the dominance of North America on account of quick adoption of cloud-based solutions into the retail industry in developed nations such as Canada and the U.S. In addition, the surge in investment for mobile and new technologies into the retail sector is anticipated to help the regional market continue its dominance in the coming years. Currently, the e-commerce sector in the U.S. is led by Amazon and this will accelerate the rate of adoption of cloud solutions in the region in the forecast duration.

On the other side, cloud-based solutions have gained immense popularity in Asia Pacific region, especially in Japan, India, and China. As per Alibaba Cloud, identifies India as one of the hubs for cloud solutions in the region, owing to the presence of both small and medium enterprises in the nation. Alibaba also invested huge sums into various other industries in India such as logistics, entertainment, retail, and others. The penetration of digitalization and the internet have increased the rate of adoption of advanced solutions in the retail sector of the nation. This ultimately indicates the rapid growth of the regional market in the years to come.

Market Segmentation of Retail Cloud Market -

By Model Type
Infrastructure as a Service
Platform as a Service
Software as a Service
By Deployment
Public
Private
Hybrid
By Solution
Supply Chain Management
Workforce Management
Customer Management
Reporting and Analytics
Data Security
Omni-Channel
Others
By Enterprise Size
Small and Medium
Large
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, and the Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and the Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC, and the Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and the Rest of Latin America)
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Table of Content:

Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Emerging Trends
Key Insights
Macro and Micro Economic Indicators
Consolidated SWOT Analysis of Key Players
Global Retail Cloud Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecasts
By Type (Value)
Solution
Channel operations
Supply Chain Management
Customer Management
Merchandising
Workforce Management
Reporting and Analytics
Data Security
Others
Services
Professional Services
Consulting
Training and Education
Support and Maintenance
Managed Services
By Service Model (Value)
Software as A Service
Platform as A Service
Infrastructure as A Service
By Deployment (Value)
Public Cloud
Private Cloud
Hybrid Cloud
By Organization Size (Value)
Small and Medium Enterprises
Large Enterprises
By Geography (Value)
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
TOC Continued…!!

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